Tall Pines Capital, LLC

Tall Pines Capital, LLC is an Illinois-based registered investment adviser specializing in offering investment advisory services, particularly through its Tall Pines Micro Cap SMA product. Established by Christopher Plahm, the firm focuses on long-term capital growth by investing in U.S. and Canadian-based companies with market capitalizations ranging from $10 million to $1 billion. The investment strategy involves a fundamental long-biased trading approach, emphasizing small, high-growth companies with concentrated portfolios of 5 to 15 positions. For clients, Tall Pines charges a maximum annual management fee of 2.50% and offers performance fees based on an initial investment high water mark. The firm's fee structure includes a 1% per annum management fee plus a 20% performance fee or a 0% management fee plus a 25% performance fee. Clients are required to have a minimum account size of $100,000, which is negotiable. The firm acts as a fiduciary for ERISA accounts, ensuring the best interests of clients are prioritized. Tall Pines does not engage in short selling but reserves the right to do so at its discretion. The firm's investment analysis methods include quantitative and qualitative approaches, utilizing various sources of data for decision-making. Clients are encouraged to communicate freely with portfolio managers, and the firm conducts periodic reviews of client accounts to ensure alignment with investment objectives and risk tolerance.